Gaotu Techedu Inc. (NYSE:GOTU - Get Free Report)'s stock price rose 5.9% on Wednesday . The company traded as high as $4.09 and last traded at $4.05. Approximately 663,696 shares changed hands during trading, a decline of 70% from the average daily volume of 2,184,553 shares. The stock had previously closed at $3.82.
Gaotu Techedu Stock Down 0.2%
The company has a market cap of $1.01 billion, a PE ratio of -7.02 and a beta of 0.42. The stock's 50 day simple moving average is $3.27 and its two-hundred day simple moving average is $2.88.
Gaotu Techedu (NYSE:GOTU - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.12. The company had revenue of $28.53 million during the quarter, compared to analyst estimates of $189.76 million. Gaotu Techedu had a negative net margin of 26.36% and a negative return on equity of 37.79%.
Gaotu Techedu declared that its board has initiated a share buyback program on Thursday, May 15th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.
Institutional Trading of Gaotu Techedu
Several hedge funds have recently bought and sold shares of the company. Catalyst Funds Management Pty Ltd bought a new stake in shares of Gaotu Techedu during the 4th quarter worth about $38,000. Two Sigma Advisers LP purchased a new position in shares of Gaotu Techedu in the fourth quarter worth approximately $41,000. PFG Investments LLC purchased a new position in shares of Gaotu Techedu in the first quarter worth approximately $76,000. Two Sigma Securities LLC purchased a new position in shares of Gaotu Techedu in the fourth quarter worth approximately $86,000. Finally, Virtu Financial LLC purchased a new position in Gaotu Techedu during the first quarter valued at approximately $137,000. 48.42% of the stock is currently owned by institutional investors.
About Gaotu Techedu
(
Get Free Report)
Gaotu Techedu Inc, a technology-driven education company, provides learning services, educational content, and digitalized learning products in the People's Republic of China. The company offers traditional online academic subject tutoring services that covers academic subjects, such as mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science for students; non-academic tutoring services; personal interest courses comprising chess learning, family relationships and education, humanities, and science courses; and professional courses primarily for college students and adults preparing for professional qualification exams, such as teacher's qualification, Chartered Financial Analyst designation, Certified Public Accountant designation, and other exams.
Further Reading
Before you consider Gaotu Techedu, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gaotu Techedu wasn't on the list.
While Gaotu Techedu currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
